Blessed Hope Ministry

Loans

What reminder are we given about borrowing money? It's in the Bible, Proverbs 22:7, NIV. "The rich rule over the poor, and the borrower is servant to the lender."

Be cautious about countersigning loan notes. It's in the Bible, Proverbs 22:26-27, TLB. "Unless you have extra cash on hand, don't countersign a note. Why risk everything you own? They'll even take your bed!"

What does the Scripture say about repayment of loans? It's in the Bible, Romans 13:7-8, NIV. "Give everyone what you owe him: If you owe taxes, pay taxes; if revenue, then revenue; if respect, then respect; if honor, then honor. Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law."